New Delhi, March 30 -- InterGlobe Aviation Ltd, the parent company of IndiGo, has received a Rs.944.20 crore fine from the Income Tax Department for the Assessment Year 2021-22, media reports said.

IndiGo clarified that the penalty was imposed due to an incorrect assumption that its appeal before the Commissioner of Income Tax (Appeals) had been dismissed, whereas it remains pending adjudication.

The airline assured investors that the penalty would not affect its financial health, operations, or business activities.

Following the news, IndiGo's stock fell 0.32% to Rs.5,113 but has gained 11.36% year-to-date. Investor confidence remains strong, driven by the airline's expansion plans. As of December 2024, promoters held a 49.27% stake i...